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<br /> 92 <br /> EconO1lÙ.c Developaent Program <br /> Contract <br /> 1. DATE AND PARTIES: The date of this agreement is "/1/&-' , <br /> 1989 and the parties are the following: I I <br /> Program CTEC corporation, Inc. <br /> Participant: a Texas Corporation <br /> 100 North Edward Gary <br /> San Marcos, Texas 78666 <br /> Dr. James W. Davidson, President <br /> 100 North Edward Gary <br /> San Marcos, Texas 78666 <br /> Community: The City of San Marcos <br /> 630 East Hopkins <br /> San Marcos, Texas 78666 <br /> 2. As a result of this Program, community shall construct or <br /> have constructed an extension of its water distribution <br /> system to the Program Participant's site in a capacity <br /> sufficient to serve the Program Participant's current needs. <br /> 3. JOB CREATION: As a result of this Program, the Program <br /> Participant shall hire 65 employees. These positions are <br /> described in Exhibit A <br /> 4. HIRING PLAN: The Program participant shall develop a hiring <br /> plan that includes a timetable and methods of identifying <br /> and training potential low/moderate income job applicants <br /> and submit a copy of this plan to the community. <br /> 5. SUCCESSORS: This agreement shall inure to the benefit of and <br /> bind the heirs, personal representatives, successors and <br /> assigns of the parties. <br /> 6. GENERAL WAIVER BY PROGRAM PARTICIPANTS: Program Participant <br /> hereby waives and releases Community from all claims for <br /> loss or damage caused by any act or omission of community, <br /> its employees, or agents. <br /> 7. IF UNENFORCEABLE: If any provision of this agreement proves <br /> unlawful or unenforceable by a court having jurisdiction over <br /> the parties or the subject matter, such provision shall be <br /> severable for the other provisions of this agreement, and all <br /> remaining provisions shall be fully enforceable. <br />